https://www.taxtmi.com/caselaws?id=442569 The Supreme Court directed reconciliation of accounts between parties regarding construction contracts and liabilities. The adjustment of Rs. 212 Crores in bank guarantees was not to be deducted from the amount payable. Pre-CIRP dues were not to be included in the reconciliation process. A mutually settled amount of Rs. 12.26 Crores was to be shared equally. The direction to pay proportionate interest to JIL was set aside. A claim of Rs. 70.89 Crores for a Land Swap Deal was rejected. Relief was partly granted in one appeal and findings favored one party in another appeal, except for the direction to pay interest. en-us Mon, 28 Aug 2023 00:00:00 +0530 Mon, 04 Sep 2023 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442569 The Supreme Court directed reconciliation of accounts between parties regarding construction contracts and liabilities. The adjustment of Rs. 212 Crores in bank guarantees was not to be deducted from the amount payable. Pre-CIRP dues were not to be included in the reconciliation process. A mutually settled amount of Rs. 12.26 Crores was to be shared equally. The direction to pay proportionate interest to JIL was set aside. A claim of Rs. 70.89 Crores for a Land Swap Deal was rejected. Relief was partly granted in one appeal and findings favored one party in another appeal, except for the direction to pay interest. Case-Laws Insolvency and Bankruptcy Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442569